This is the right time for India to attract investment amid a global diversification of supply chains and manufacturing, he told ET in an interview, calling for a focus on making the country competitive. Malpass is in India to attend a meeting of G20 finance ministers and central bank governors. He met Prime Minister Narendra Modi and finance minister Nirmala Sitharaman on Wednesday.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend